Followers | 679 |
Posts | 141160 |
Boards Moderated | 36 |
Alias Born | 03/10/2004 |
Friday, November 08, 2019 4:00:09 PM
By: Bespoke Investment Group | November 4, 2019
After declining alongside the rest of the market in the final quarter of 2018, Cisco (CSCO) experienced a sharp rebound in the first half of 2019. But that rally screeched to a halt in August after CSCO and competitor Arista Networks (ANET) lowered guidance citing the impact of trade issues. Whereas the stock was sitting on a 34% YTD gain at its highs in July, it is currently only up only 9.9% YTD. Without finding much relief since those declines this past summer, CSCO's shorter-term chart has left much to be desired, but on a long-term basis, not all is lost as the stock finds itself at the bottom of the past few years' uptrend.
Given these declines, CSCO's valuation has become more attractive and is off the highs from earlier this year. The forward P/E ratio now sits at 14.1 which is below the average for both the Technology sector and Hardware and Equipment industry group. Likewise, the enterprise value is only 9.8x EBITDA which is also below the sector and industry group averages of 15 and 10.8, respectively.
CSCO's dividend yield has also remained attractive at slightly less than 3%. That is not only higher than the broader S&P 500 and government bonds but is also double the average yield of other S&P 500 technology sector stocks. Cisco (CSCO) first began paying a dividend in 2011, and though that is not an exceptionally long track record, the quarterly payout has grown every year, from 6 to 35 cents per share. CSCO also looks likely to continue to be able to pay and grow this dividend seeing as the company has more cash than debt (Net debt to EBIDTA ratio is -0.5) and the payout ratio is still on the lower side at 67.5%.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
Recent CSCO News
- NightDragon, Cisco, WWT Partner with NPower to Drive Talent Diversity in Cyber Industry • PR Newswire (US) • 05/08/2024 04:00:00 PM
- Cisco Unlocks AI-Powered Intelligence for Self-Hosted Observability • PR Newswire (US) • 05/08/2024 02:30:00 PM
- Cisco Schedules Conference Call for Q3 Fiscal Year 2024 Financial Results • PR Newswire (US) • 05/08/2024 09:00:00 AM
- Cisco is Delivering on Platform Strategy with Rapid Innovation Across Cisco Security Cloud • PR Newswire (US) • 05/06/2024 12:00:00 PM
- BHP Bids $38.8 Billion for Anglo American; Biden Unveils Historic Micron Technology Deal, and More News • IH Market News • 04/25/2024 11:48:40 AM
- Cisco and Morgan Solar unlock clean energy adoption in office spaces • GlobeNewswire Inc. • 04/22/2024 03:00:54 PM
- Li Auto Stock Drops 7.3% Amid Tesla Price Cuts, Salesforce Retreats from Informatica Deal, and Other Market Updates • IH Market News • 04/22/2024 12:09:21 PM
- Cisco Reimagines Security for Data Centers and Clouds in Era of AI • PR Newswire (Canada) • 04/18/2024 07:00:00 AM
- Cisco Reimagines Security for Data Centers and Clouds in Era of AI • PR Newswire (US) • 04/18/2024 07:00:00 AM
- Cisco Completes Acquisition of Isovalent to Define the Future of Multicloud Networking and Security • PR Newswire (US) • 04/12/2024 10:35:00 PM
- Cisco to Host Tech Talk on Splunk • PR Newswire (US) • 04/10/2024 08:30:00 PM
- FMP Alliance Forms to Advance Innovative Fault Managed Power Technology • PR Newswire (US) • 04/08/2024 01:15:00 PM
- Cisco and BoA to Host Tech Talk on Security from RSA 2024 • PR Newswire (US) • 04/04/2024 12:00:00 PM
- Leading Companies Launch Consortium to Address AI's Impact on the Technology Workforce • PR Newswire (US) • 04/04/2024 11:30:00 AM
- Analysts’ Recommendations for March 27th: FedEx, Visa, Uber, Adobe… • IH Market News • 03/27/2024 12:13:10 PM
- Cisco Study Reveals Very Few Organizations in Canada Prepared to Defend Against Today's Rapidly Evolving Threat Landscape • GlobeNewswire Inc. • 03/27/2024 10:00:00 AM
- Cisco Study Reveals Very Few Organizations Prepared to Defend Against Today's Rapidly Evolving Threat Landscape • PR Newswire (US) • 03/27/2024 07:17:00 AM
- Cisco Hybrid Work Study Reveals Companies' Need to Modernize Offices • PR Newswire (US) • 03/26/2024 03:00:00 PM
- Cisco and Ford Motor Company Rollout Webex App for Productivity on the Move • PR Newswire (US) • 03/26/2024 03:00:00 PM
- Cisco Furthers Customer Experience Momentum with New Offerings That Extend Customer Value • PR Newswire (US) • 03/26/2024 03:00:00 PM
- Cisco Announces New Multifunctional Collaboration Devices for Hybrid Work • PR Newswire (US) • 03/25/2024 03:00:00 PM
- Cisco Completes Acquisition of Splunk • PR Newswire (US) • 03/18/2024 12:40:00 PM
- Cisco Completes Acquisition of Splunk • PR Newswire (Canada) • 03/18/2024 12:30:00 PM
- Cisco Completes Acquisition of Splunk • PR Newswire (US) • 03/18/2024 12:30:00 PM
- Adobe Stock Drops Following Below-Estimate Projections, Cardlytics Surges with Unexpected Profit, and More News • IH Market News • 03/15/2024 11:30:55 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM